Chinese Ministry of Commerce: Will Accelerate the Revision and Implementation of Regulations on Foreign Investors Acquiring Domestic Enterprises

BlockBeats News, July 23rd, according to the Securities Times, Meng Huating, Director of the Foreign Investment Administration Department of the Ministry of Commerce of China, stated at a press conference that in the second half of the year, the focus will continue to be on achieving the goal of using foreign investment to maintain stability and promote high-quality development. They will further enhance the attractiveness of foreign investment, and carry out work in expanding quantity, stabilizing existing investment, and improving investment quality.

Regarding expanding quantity, they will continue to implement high-level opening-up measures, steadily deepen opening-up trials in value-added telecommunications, biotechnology, wholly foreign-owned hospitals, and vocational training institutions, support Beijing in enhancing the development of the national demonstration zone for the service industry, and accelerate the revision and promulgation of regulations on foreign investors acquiring domestic enterprises.